JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake sale

Signage at JD.com's warehouse in Shanghai, China, on Mar. 9, 2022. The U.S. Securities and Exchange Commission on Wednesday added over 80 firms to its list of entities facing possible expulsion from American exchanges, which include China's JD.com, Pinduoduo, Bilibili, and NetEase.Shares of Chinese e-commerce giant JD.com plunged 10% on Wednesday in Hong Kong after U.S. retailer Walmart confirmed it will sell its stake in the Chinese firm.Walmart told CNBC the decision to sell its stake will allow the compa ...